ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT) Files An 8-K Regulation FD Disclosure
ITEM 7.01 REGULATION FD DISCLOSURE.
“Ashford Trust”) issued a press release announcing that given
FelCor Lodging Trust Incorporateds (“FelCor”) announced merger
agreement with RLJ Lodging Trust (RLJ), Ashford Trust is
abandoning its efforts to merge with FelCor. Ashford Trust also
announced that it is withdrawing its preliminary proxy statement
and proposed slate of seven independent directors for election to
FelCors Board of Directors at FelCors 2017 Annual Meeting of
Stockholders.
have been more attractive to shareholders than the RLJ offer, the
Company has determined that there is no cost-effective,
actionable path forward toward an agreement and has withdrawn its
non-binding proposal. The Company believes that it exercised
significant strategic and financial discipline in seeking ways to
maximize shareholder value. The Company plans to
opportunistically liquidate its investment in FelCor stock over
time. A copy of the press release is attached hereto as Exhibit
99.1.
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99.1
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Press Release of the Company, dated May 3, 2017, furnished
under Item 7.01. |
About ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions. ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT) Recent Trading Information
ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT) closed its last trading session up +0.02 at 6.43 with 587,169 shares trading hands.
